What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

published:07 Apr 2013

views:177185

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

published:26 Apr 2016

views:45872

Tax havens and offshore accounts and trusts, detailed in the ParadisePapers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem.
To read more: http://www.cbc.ca/paradisepapers
SOURCE LIST:
CBCNews | Paradise Papers investigation
http://www.cbc.ca/paradisepapers
International Consortium of Investigative Journalists | Paradise Papers investigation
https://www.icij.org/investigations/paradise-papers/
CBC News | Tax havens: How the rich hide money
http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.htmlICIJ | Tax havens 101: The high cost of going offshore
https://www.youtube.com/watch?v=gy2RgjIIZyA
CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338
CBC News | How Canada got into bed with tax havens
http://www.cbc.ca/1.3641278
CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape
http://www.cbc.ca/1.3639597
CBC News | Canadian ties exposed in leaked Bahamas tax-haven data
http://www.cbc.ca/1.3771867
Department of Finance Canada | Tax Information Exchange Agreements
https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
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published:05 Nov 2017

views:74011

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

published:04 Mar 2017

views:144568

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

published:29 May 2017

views:3287

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those who are honest about what's happening and take action.
Call it "red pill" vs. "blue pill".
Most people stay in a country and in an environment that doesn't serve them, all because of emotional reasons and - in all honesty - lying to themselves.
Which type of person are you? Why? COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

published:13 Nov 2018

views:2872

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, or buying a home, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.
Of course, there will be new products and services you've never seen before as well.
For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.
The best part about the Nomad Capitalist lifestyle is that you can arrange your life to take advantage of the best of all worlds and get the products and experiences you want and need in each different place.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

published:02 Dec 2018

views:1201

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a country would even want to be a tax haven.
Will The UKBecome a Tax Haven After Brexit?: goo.gl/8dEHqP
Like Us On Facebook: https://www.facebook.com/TLDRnewsUK

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people take poor advice on creating offshore bank accounts on remote islands, but that practice is the thing of past.
If you don't think before you leap and put most of your money into a random offshore account, you may face problems with onshore banks, other businesses, and even the law.
Andrew explains how to avoid these costly complications. He also talks about the importance of flexibility and open-mindedness when it comes to putting your finances offshore.
What are the countries to avoid and where should you focus your attention? Just keep watching the video, Andrew will speak more about why you need to be on the lookout.
What are your experiences with offshore banking? Leave a COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and plans so much?
Here in Nomad Capitalist, we're all about painting the whole picture, which means we talk about the good, the bad, and the ugly.
Now, while opening offshore bank accounts might be a good idea for some, there are still some downsides to this process that should be taken into consideration.
Even though offshore banking can provide you with additional interest and confidentiality, there are a few disadvantages as well.
Andrew is explaining some of the biggest concerns that you should have when thinking of banking offshore.
Those are: privacy, tax havens, taxation and lower cost.
Keep watching the video to find out the answers to the questions like how and why you should avoid offshore banking, and why you should be aware of old school, shady reasons to bank offshore.
We're not saying that transferring your funds offshore isn't something you should do, but before you take the plunge, make sure to know what you're getting into.
Thank you for following Nomad Capitalist work, don't forget to subscribe so that you're always in the know about the trends of global citizen lifestyle.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

Offshore (hydrocarbons)

"Offshore", when used relative to hydrocarbons, refers to an oil, natural gas or condensate field that is under the sea, or to activities or operations carried out in relation to such a field. There are various types of platform used in the development of offshore oil and gas fields, and subsea facilities.

Character history

Andrew Wells is the younger brother of Tucker Wells, who summoned hellhounds to attack the Prom in the Season Three episode "The Prom". Andrew himself has skills in demon-summoning and animal control, although these were never used after Season Six; in the Buffy finale "Chosen" he credits his brother with having given him the courage to develop this talent.

At some point during Buffy's senior year in high school, he summoned "flying demon monkeys" to attack Sunnydale High's production of Romeo and Juliet, apparently for no other reason than to amuse himself. Years after the fact, both Jonathan (Danny Strong) and Warren (Adam Busch) recall the incident with amusement; since Warren, Buffy's contemporary, is known to have spent only his senior year at Sunnydale High (he attended the prom to which Tucker sent the hellhounds), his memory of the occasion proves that it occurred during his senior year, which was also Buffy's. The Scooby Gang have no memory of this whatsoever; viewers are left with the impression that the attack ranks among any number of less-memorable supernatural incidents which plagued Sunnydale. They also have no recollection of who Andrew is, until he informs them of his relation to Tucker. This becomes a running joke, as from then on, he is often referred to as "the other guy," "Tucker's brother," and so on.

Andrew the Apostle

Andrew the Apostle (Greek:Ἀνδρέας, Andreas; from the early 1st century – mid to late 1st century AD), also known as Saint Andrew and called in the Orthodox tradition Prōtoklētos (Πρωτόκλητος) or the First-called, was a ChristianApostle and the elder brother of Saint Peter.

Life

The New Testament states that Andrew was the brother of Simon Peter, by which it is inferred that he was likewise a son of John, or Jonah. He was born in the village of Bethsaida on the Sea of Galilee. Both he and his brother Peter were fishermen by trade, hence the tradition that Jesus called them to be his disciples by saying that he will make them "fishers of men" (Greek: ἁλιεῖς ἀνθρώπων, halieĩs anthrōpōn). At the beginning of Jesus' public life, they were said to have occupied the same house at Capernaum.

Andrew Henderson (schoolmaster)

Andrew Henderson (schoolmaster) (1797 – April 25, 1869) was a pioneering educator in Nova Scotia, Canada. He immigrated from Ireland into New Brunswick in 1818 with his wife and two small children. In 1820 he moved to Wilmot, Nova Scotia, where he became a school teacher.

In 1832, he moved to nearby Annapolis Royal and opened a boarding and day school with a grant from the Nova Scotia legislature. In 1837, on a farm outside the town, he set up Albion Vale Academy. This school operated until 1847 when he sold the farm and school. He returned to Annapolis Royal, where he became postmaster, a storekeeper, and a magistrate. Much of what is known about Henderson comes from a letter. He also kept a diary. His remains lie buried in Garrison Cemetery, Annapolis Royal.

He was educated at Lenzie primary school and Lenzie Academy.
Henderson played rugby union for West of Scotland at stand off as a youngster before moving to Glasgow Hawks, then Glasgow Warriors where he was preferred at centre.

Playing as a centre, apart from one outing on the wing (vs Wales 2004), he made his debut in the blue of Scotland in 2001 as a second-half replacement against Ireland. The Scots won 32–10 with Henderson scoring the fourth try. His final game for Scotland was in 2008.

In March 2009, Henderson joined Montauban in France on a 3-year contract. Due to financial difficulties and relegation from the Top 14 at Montauban, he was released at the end of 2010 season. He returned to Glasgow and to play with GHA RFC in the National League, the 2nd tier of club rugby.

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

5:48

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

3:00

Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

Tax havens and offshore accounts and trusts, detailed in the ParadisePapers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem.
To read more: http://www.cbc.ca/paradisepapers
SOURCE LIST:
CBCNews | Paradise Papers investigation
http://www.cbc.ca/paradisepapers
International Consortium of Investigative Journalists | Paradise Papers investigation
https://www.icij.org/investigations/paradise-papers/
CBC News | Tax havens: How the rich hide money
http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.htmlICIJ | Tax havens 101: The high cost of going offshore
https://www.youtube.com/watch?v=gy2RgjIIZyA
CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338
CBC News | How Canada got into bed with tax havens
http://www.cbc.ca/1.3641278
CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape
http://www.cbc.ca/1.3639597
CBC News | Canadian ties exposed in leaked Bahamas tax-haven data
http://www.cbc.ca/1.3771867
Department of Finance Canada | Tax Information Exchange Agreements
https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
Connect with CBC News Online:
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43:00

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

7:53

Offshore Tax Reduction: Red Pill vs. Blue Pill

Offshore Tax Reduction: Red Pill vs. Blue Pill

Offshore Tax Reduction: Red Pill vs. Blue Pill

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those who are honest about what's happening and take action.
Call it "red pill" vs. "blue pill".
Most people stay in a country and in an environment that doesn't serve them, all because of emotional reasons and - in all honesty - lying to themselves.
Which type of person are you? Why? COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

7:06

"The Nomad Tax": When Living Offshore Costs More

"The Nomad Tax": When Living Offshore Costs More

"The Nomad Tax": When Living Offshore Costs More

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, or buying a home, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.
Of course, there will be new products and services you've never seen before as well.
For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.
The best part about the Nomad Capitalist lifestyle is that you can arrange your life to take advantage of the best of all worlds and get the products and experiences you want and need in each different place.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

6:07

Tax Havens Explained

Tax Havens Explained

Tax Havens Explained

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a country would even want to be a tax haven.
Will The UKBecome a Tax Haven After Brexit?: goo.gl/8dEHqP
Like Us On Facebook: https://www.facebook.com/TLDRnewsUK

Offshore Countries to Avoid for Banking and Business in 2017

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people take poor advice on creating offshore bank accounts on remote islands, but that practice is the thing of past.
If you don't think before you leap and put most of your money into a random offshore account, you may face problems with onshore banks, other businesses, and even the law.
Andrew explains how to avoid these costly complications. He also talks about the importance of flexibility and open-mindedness when it comes to putting your finances offshore.
What are the countries to avoid and where should you focus your attention? Just keep watching the video, Andrew will speak more about why you need to be on the lookout.
What are your experiences with offshore banking? Leave a COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

10:09

Offshore Tax Savings Now vs Then: “Move Your A**!!”

Offshore Tax Savings Now vs Then: “Move Your A**!!”

Offshore Tax Savings Now vs Then: “Move Your A**!!”

Four Reasons NOT to Bank Offshore

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and plans so much?
Here in Nomad Capitalist, we're all about painting the whole picture, which means we talk about the good, the bad, and the ugly.
Now, while opening offshore bank accounts might be a good idea for some, there are still some downsides to this process that should be taken into consideration.
Even though offshore banking can provide you with additional interest and confidentiality, there are a few disadvantages as well.
Andrew is explaining some of the biggest concerns that you should have when thinking of banking offshore.
Those are: privacy, tax havens, taxation and lower cost.
Keep watching the video to find out the answers to the questions like how and why you should avoid offshore banking, and why you should be aware of old school, shady reasons to bank offshore.
We're not saying that transferring your funds offshore isn't something you should do, but before you take the plunge, make sure to know what you're getting into.
Thank you for following Nomad Capitalist work, don't forget to subscribe so that you're always in the know about the trends of global citizen lifestyle.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

6:02

Tax Havens and Off-Shore Banking Explained

Tax Havens and Off-Shore Banking Explained

Tax Havens and Off-Shore Banking Explained

Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly debated topic.
I hope this video brings light to anyone interested in the topic and serves as an informative introduction!
▼ Follow Me On Social Media! ▼
Twitter: https://www.twitter.com/cheaphouseswilm
Instagram: https://www.instagram.com/teddysmithnc/
Pinterest: https://www.pinterest.com/teddysmithnc

14:13

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

James Henry: US media and politicians mostly ignore massive untaxed wealth that big banks help rich move to tax havens

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

published: 07 Apr 2013

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesse...

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man of...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Ber...

published: 29 May 2017

Offshore Tax Reduction: Red Pill vs. Blue Pill

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those who are honest about what's happening and take action.
Call it "red pill" vs. "blue pill".
Most people stay in a country and in an environment that doesn't serve them, all because of emotional reasons and - in all honesty - lying to themselves.
Which type of person are you? Why? COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capital...

published: 13 Nov 2018

"The Nomad Tax": When Living Offshore Costs More

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, or buying a home, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.
Of course, there will be new products and services you've never seen before as well.
For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.
The best part about the Nomad Capitalist lifestyle is that you can arrange your life to take advantage of the best...

published: 02 Dec 2018

Tax Havens Explained

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a country would even want to be a tax haven.
Will The UKBecome a Tax Haven After Brexit?: goo.gl/8dEHqP
Like Us On Facebook: https://www.facebook.com/TLDRnewsUK

Offshore Countries to Avoid for Banking and Business in 2017

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people take poor advice on creating offshore bank accounts on remote islands, but that practice is the thing of past.
If you don't think before you leap and put most of your money into a random offshore account, you may face problems with onshore banks, other businesses, and even the law.
Andrew explains how to avoid these costly complications. He also talks about the importance of flexibility and open-mindedness when it comes to putting your finances offshore.
What are the countries to avoid and where should you focus your attention? Just keep watching the video, Andrew will speak more about why you need to be on the lookout.
What are yo...

published: 26 Jan 2017

Offshore Tax Savings Now vs Then: “Move Your A**!!”

Four Reasons NOT to Bank Offshore

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and plans so much?
Here in Nomad Capitalist, we're all about painting the whole picture, which means we talk about the good, the bad, and the ugly.
Now, while opening offshore bank accounts might be a good idea for some, there are still some downsides to this process that should be taken into consideration.
Even though offshore banking can provide you with additional interest and confidentiality, there are a few disadvantages as well.
Andrew is explaining some of the biggest concerns that you should have when thinking of banking offshore.
Those are: privacy, tax havens, taxation and lower cost.
Keep watching the video to find out t...

published: 15 Feb 2017

Tax Havens and Off-Shore Banking Explained

Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly debated topic.
I hope this video brings light to anyone interested in the topic and serves as an informative introduction!
▼ Follow Me On Social Media! ▼
Twitter: https://www.twitter.com/cheaphouseswilm
Instagram: https://www.instagram.com/teddysmithnc/
Pinterest: https://www.pinterest.com/teddysmithnc

published: 23 Apr 2017

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

James Henry: US media and politicians mostly ignore massive untaxed wealth that big banks help rich move to tax havens

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley...

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates o...

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it c...

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax haven...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

Offshore Tax Reduction: Red Pill vs. Blue Pill

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those ...

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those who are honest about what's happening and take action.
Call it "red pill" vs. "blue pill".
Most people stay in a country and in an environment that doesn't serve them, all because of emotional reasons and - in all honesty - lying to themselves.
Which type of person are you? Why? COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those who are honest about what's happening and take action.
Call it "red pill" vs. "blue pill".
Most people stay in a country and in an environment that doesn't serve them, all because of emotional reasons and - in all honesty - lying to themselves.
Which type of person are you? Why? COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

"The Nomad Tax": When Living Offshore Costs More

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living oversea...

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, or buying a home, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.
Of course, there will be new products and services you've never seen before as well.
For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.
The best part about the Nomad Capitalist lifestyle is that you can arrange your life to take advantage of the best of all worlds and get the products and experiences you want and need in each different place.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, or buying a home, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.
Of course, there will be new products and services you've never seen before as well.
For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.
The best part about the Nomad Capitalist lifestyle is that you can arrange your life to take advantage of the best of all worlds and get the products and experiences you want and need in each different place.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Tax Havens Explained

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a co...

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a country would even want to be a tax haven.
Will The UKBecome a Tax Haven After Brexit?: goo.gl/8dEHqP
Like Us On Facebook: https://www.facebook.com/TLDRnewsUK

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a country would even want to be a tax haven.
Will The UKBecome a Tax Haven After Brexit?: goo.gl/8dEHqP
Like Us On Facebook: https://www.facebook.com/TLDRnewsUK

Offshore Countries to Avoid for Banking and Business in 2017

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people tak...

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people take poor advice on creating offshore bank accounts on remote islands, but that practice is the thing of past.
If you don't think before you leap and put most of your money into a random offshore account, you may face problems with onshore banks, other businesses, and even the law.
Andrew explains how to avoid these costly complications. He also talks about the importance of flexibility and open-mindedness when it comes to putting your finances offshore.
What are the countries to avoid and where should you focus your attention? Just keep watching the video, Andrew will speak more about why you need to be on the lookout.
What are your experiences with offshore banking? Leave a COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people take poor advice on creating offshore bank accounts on remote islands, but that practice is the thing of past.
If you don't think before you leap and put most of your money into a random offshore account, you may face problems with onshore banks, other businesses, and even the law.
Andrew explains how to avoid these costly complications. He also talks about the importance of flexibility and open-mindedness when it comes to putting your finances offshore.
What are the countries to avoid and where should you focus your attention? Just keep watching the video, Andrew will speak more about why you need to be on the lookout.
What are your experiences with offshore banking? Leave a COMMENT below.
-------
ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Four Reasons NOT to Bank Offshore

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and pla...

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and plans so much?
Here in Nomad Capitalist, we're all about painting the whole picture, which means we talk about the good, the bad, and the ugly.
Now, while opening offshore bank accounts might be a good idea for some, there are still some downsides to this process that should be taken into consideration.
Even though offshore banking can provide you with additional interest and confidentiality, there are a few disadvantages as well.
Andrew is explaining some of the biggest concerns that you should have when thinking of banking offshore.
Those are: privacy, tax havens, taxation and lower cost.
Keep watching the video to find out the answers to the questions like how and why you should avoid offshore banking, and why you should be aware of old school, shady reasons to bank offshore.
We're not saying that transferring your funds offshore isn't something you should do, but before you take the plunge, make sure to know what you're getting into.
Thank you for following Nomad Capitalist work, don't forget to subscribe so that you're always in the know about the trends of global citizen lifestyle.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and plans so much?
Here in Nomad Capitalist, we're all about painting the whole picture, which means we talk about the good, the bad, and the ugly.
Now, while opening offshore bank accounts might be a good idea for some, there are still some downsides to this process that should be taken into consideration.
Even though offshore banking can provide you with additional interest and confidentiality, there are a few disadvantages as well.
Andrew is explaining some of the biggest concerns that you should have when thinking of banking offshore.
Those are: privacy, tax havens, taxation and lower cost.
Keep watching the video to find out the answers to the questions like how and why you should avoid offshore banking, and why you should be aware of old school, shady reasons to bank offshore.
We're not saying that transferring your funds offshore isn't something you should do, but before you take the plunge, make sure to know what you're getting into.
Thank you for following Nomad Capitalist work, don't forget to subscribe so that you're always in the know about the trends of global citizen lifestyle.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

Tax Havens and Off-Shore Banking Explained

Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly de...

Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly debated topic.
I hope this video brings light to anyone interested in the topic and serves as an informative introduction!
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Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly debated topic.
I hope this video brings light to anyone interested in the topic and serves as an informative introduction!
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Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

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Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

Offshore Tax Reduction: Red Pill vs. Blue Pill

http://www.nomadcapitalist.com
There are two types of people in the world: those who are nostalgic about the past and cling to what no longer works, and those who are honest about what's happening and take action.
Call it "red pill" vs. "blue pill".
Most people stay in a country and in an environment that doesn't serve them, all because of emotional reasons and - in all honesty - lying to themselves.
Which type of person are you? Why? COMMENT below.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

"The Nomad Tax": When Living Offshore Costs More

Living the Nomad Capitalist lifestyle isn't always about saving money.
In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, or buying a home, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.
Of course, there will be new products and services you've never seen before as well.
For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.
The best part about the Nomad Capitalist lifestyle is that you can arrange your life to take advantage of the best of all worlds and get the products and experiences you want and need in each different place.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Tax Havens Explained

The world of tax havens is becoming an increasingly controversial area. So in this video, we run through what tax havens are, how they work and discuss why a country would even want to be a tax haven.
Will The UKBecome a Tax Haven After Brexit?: goo.gl/8dEHqP
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Offshore Countries to Avoid for Banking and Business in 2017

https://www.nomadcapitalist.com
Knowing which offshore countries to avoid is a topic every Nomad Capitalist should be very interested in.
Too many people take poor advice on creating offshore bank accounts on remote islands, but that practice is the thing of past.
If you don't think before you leap and put most of your money into a random offshore account, you may face problems with onshore banks, other businesses, and even the law.
Andrew explains how to avoid these costly complications. He also talks about the importance of flexibility and open-mindedness when it comes to putting your finances offshore.
What are the countries to avoid and where should you focus your attention? Just keep watching the video, Andrew will speak more about why you need to be on the lookout.
What are your experiences with offshore banking? Leave a COMMENT below.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: http://bit.ly/Nomad-Capitalist-Application
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: http://nomadcapitalist.com/about/andrew-henderson/
Our website: http://www.nomadcapitalist.com
Subscribe: https://www.youtube.com/subscription_center?add_user=nomadcapitalist
Buy Andrew's book: https://amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Four Reasons NOT to Bank Offshore

Here are four reasons against opening an offshore bank account.
Are you surprised by the topic of this video concerning we talk about offshore strategy and plans so much?
Here in Nomad Capitalist, we're all about painting the whole picture, which means we talk about the good, the bad, and the ugly.
Now, while opening offshore bank accounts might be a good idea for some, there are still some downsides to this process that should be taken into consideration.
Even though offshore banking can provide you with additional interest and confidentiality, there are a few disadvantages as well.
Andrew is explaining some of the biggest concerns that you should have when thinking of banking offshore.
Those are: privacy, tax havens, taxation and lower cost.
Keep watching the video to find out the answers to the questions like how and why you should avoid offshore banking, and why you should be aware of old school, shady reasons to bank offshore.
We're not saying that transferring your funds offshore isn't something you should do, but before you take the plunge, make sure to know what you're getting into.
Thank you for following Nomad Capitalist work, don't forget to subscribe so that you're always in the know about the trends of global citizen lifestyle.
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ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

Tax Havens and Off-Shore Banking Explained

Tax havens and off-shore banking are VERY broad and complex topic. Tax havens have risen from relative obscurity and offshore banking has become a very hotly debated topic.
I hope this video brings light to anyone interested in the topic and serves as an informative introduction!
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Twitter: https://www.twitter.com/cheaphouseswilm
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Major Banks Help Clients Hide Trillions in Offshore Tax Havens

Offshore (hydrocarbons)

"Offshore", when used relative to hydrocarbons, refers to an oil, natural gas or condensate field that is under the sea, or to activities or operations carried out in relation to such a field. There are various types of platform used in the development of offshore oil and gas fields, and subsea facilities.